Valepar Names Flores Vale Chairman

Valepar Names Flores Vale Chairman

People Corporate & Sovereign Strategy Brazil Funds

Valepar has nominated Ricardo Jose da Costa Flores to chair Vale’s board of directors. Valepar is Vale’s controlling shareholder. Flores is president of Previ, Banco do Brasil’s pension fund and Valepar’s controlling shareholder. Previously, Flores was VP of credit, and director of operating assets restructuring at Banco do Brasil. He was also chairman of the board of Banco Nossa Caixa and member of the board of executive officers of Febraban. Flores is also chairman of the board of Brasilcap Ca

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